the crypto ledger is a perfect tool to keep an eye on everyone and restrict freedom of transaction, i never understood how its supposed to protect your anonymity, when every copy of the bitcoin has a history of everyone transaction activity
now imagine a society with a social credit score linked to your cryptocurrency account so that all economic activity can be traced, logged and filed. its the perfect infrastructure for a dystopian totalitarian economy
As for digital fiat currencies. That's coming to, btw. They will never let you have your own money. Gold and silver are fine stores of value, but are a pain in the ass to exchange. That's their weakness.
The whole purpose of a distributed ledger crypto currency is for a hedge against inflation. Milton Friedman advocated the dollar to do this way back in the 1980s, that is just increase at a steady rate of 2% a year the monetary supply.
You don’t get it monero enables you to have an economy separate from anything they can touch. If people are making exchanges in XMR there is nothing they can do
the crypto ledger is a perfect tool to keep an eye on everyone and restrict freedom of transaction, i never understood how its supposed to protect your anonymity, when every copy of the bitcoin has a history of everyone transaction activity
That's why there is Monero.
for now. it all works with modern infrastructure.
now imagine a society with a social credit score linked to your cryptocurrency account so that all economic activity can be traced, logged and filed. its the perfect infrastructure for a dystopian totalitarian economy
As for digital fiat currencies. That's coming to, btw. They will never let you have your own money. Gold and silver are fine stores of value, but are a pain in the ass to exchange. That's their weakness.
The whole purpose of a distributed ledger crypto currency is for a hedge against inflation. Milton Friedman advocated the dollar to do this way back in the 1980s, that is just increase at a steady rate of 2% a year the monetary supply.
You don’t get it monero enables you to have an economy separate from anything they can touch. If people are making exchanges in XMR there is nothing they can do